Corporate Insolvency
/ˈkɔːrpərət ɪnˈsɒlvənsi/
Definitions
- (n.) The legal state or condition in which a corporation is unable to pay its debts as they fall due and is subject to insolvency proceedings.
Corporate insolvency can lead to liquidation or restructuring under court supervision.
Forms
- corporate insolvency
Related terms
See also
Commentary
Corporate insolvency primarily concerns the financial distress of companies and triggers specific legal regimes distinct from personal insolvency.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.